Scarcity value
id:
scarcity-value-297-18558058
title:
Scarcity value
text:
Scarcity value is an economic factor describing the increase in an item's relative price by a low supply. Whereas the prices of newly manufactured products depends mostly on the cost of production, the prices of many goods—such as antiques, rare stamps, and those raw materials in high demand—reflects the scarcity of the products themselves. In terms of partial-equilibrium supply and demand, the markets where prices are "cost-determined" have a supply curve that is very elastic or even horizontal
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Scarcity_value
date created:
date modified:
2023-01-26T18:30:08Z
main entity:
{"identifier":"Q7430336","url":"https://www.wikidata.org/entity/Q7430336"}
image:
fields total:
13
integrity:
13